U.S. crude oil imports from Nigeria in July plunged to the lowest level in three years and are continuing to slip as Asian and European buyers increase purchases, trade flow data from Thomson Reuters and market intelligence firms Genscape and Kpler show. A narrowing spread between benchmark Brent and Oman crude futures, trading at less […]
Kenya’s shilling is forecast to ease against the dollar in the week to Thursday, while Zambia’s kwacha will strengthen, traders said. KENYA Kenya’s shilling is expected to weaken due to increased dollar demand from oil and manufacturing companies. Commercial banks quoted the shilling at 100.60/70 to the dollar, compared with last Thursday’s close of 100.65/85. […]
Differentials for Nigerian crude edged up on Wednesday after a flurry of unsold cargoes traded on the spot market, although traders said the market was still oversupplied and the recent show of strength may not last. After the drift lower in differentials, several more unsold Nigerian cargoes have cleared, so that fewer than half a […]
France’s leading international goalscorer Thierry Henry was Wednesday being played up as the next coach of Bordeaux to replace suspended Gustavo Poyet after just one league game of the season. Henry, a member of the 1998 World Cup winning team and who was part of Roberto Martinez’s coaching staff with Belgium at the World Cup, […]
Oil prices kept earlier gains on Wednesday after the Energy Information Administration reported that domestic crude supplies fell by 5.8 million barrels for the week ended Aug. 17. Analysts surveyed by S&P Global Platts had forecast a fall of about 3.4 million barrels, while the American Petroleum Institute on Tuesday reported a decline of 5.2 […]
South Gauteng High Court in South Africa has handed three life sentences and an additional hundred and six years imprisonment to two Nigerians for human trafficking. The sentences were given at the weekend in Johannesburg. The pair Frank Amaku (26) and Ilo Promise Somadina (25) were arrested by the Hawks’ Serious Organised Crime investigating unit […]
A group of Canadian refugee lawyers is taking the government to court over a recent immigration ruling, calling it unfair to Nigerian asylum seekers who have streamed across the border from the United States in large numbers over the past 18 months. The legal challenge from the Canadian Association of Refugee Lawyers was prompted by […]
During the hullabaloo over the NFF leadership crisis, Nigeria’s Africa Cup of Nations qualifier against Seychelles next month has flown under the radar. Nigeria’s Super Eagles, who trail Libya and South Africa after a home loss to Bafana Bafana last June, have little margin for error on 8 September. The retirement of Victor Moses, long […]
The National Bureau of Statistics (NBS), says the total value of capital importation into Nigeria stands at $5.5 billion in the second quarter, with flighty portfolio investors contributing 74.7 per cent. The NBS disclosed this in its “Nigeria Capital Importation (Q2 2018)’’ report released on Tuesday in Abuja. The report noted that the value showed […]